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Dec 7, 2012
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so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to project numbers, but that we could expect another point drop a year from now? is. >> well, we'll come out with our official projections when the budget comes out but i would say if congress does address the problems that it needs to address concerning the fiscal cliff if we had reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class, we're going to continue to see progress in this economy. in fact, i woul
so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to...
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Dec 7, 2012
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it comes despite the loss linked to super storm sandy. but the government reports the unemployment rate fell largely because so many americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time rather than full time and that is ascribed to hurricane sandy. normally you do not expect that. >>shepard: the matters went, so what. >>gerri: well, they saw that the 350,000 number and they
it comes despite the loss linked to super storm sandy. but the government reports the unemployment rate fell largely because so many americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation...
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Dec 8, 2012
12/12
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also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off two workers and was about to lay off more. now this electrical contractor is hiring with more business than he can handle. >> people want their work done right away. we are working to get that done for them. >> i'm a firm believer of taking the work while it's there. so i really don't pass up too much. if we have to work saturdays and sundays we will. >> many in the northeast were hit hard by the storm including descrawnts and retrailers. the construction agency was booming. landscapers, carpenters all seeing big demand. economists caution it's a short-term boost. >>
also while sandy cost the economy 10s of billions of dollars. the construction agency is announcing a bump in business as folks begin to rebuild what they lost. rick lesson thowl in the hard hit new york city borough of staten island live for us there tonight. hey, rick. >> hi, shepard. sandy's silver lining repairing damaged homes requires materials like lumber and sheetrock and wiring and real pairing those requires skilled labor. >> before hurricane sandy, anthony had to lay off...
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Dec 4, 2012
12/12
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make it to the hurricane sandy victims. the people have a big heart but they do not thing after the fact whether it could be a good idea to help those folks affected on the ground rather than the huge bureaucracies that presumably will help them on the ground. there is something wrong with the process that reduces the amount of money you get to a fraction of what was handed out. >>guest: it is essentially the money is laundered through the washington bureaucracy. we have seen this years ago blue are talking about welfare or any other program by the time the money reaches the intended victim it has been essentially fleeced. that is walk, one of the things that washington is really effective at. they know how to fleeces they know how to get each level bureaucracy to get theirs, essentially. >>neil: you seize on the emotional moment. thank you, thank you. and now, a charity bell ringer was turned away. and he claims women are to blame. .. >>neil: imagine walking into your first day of work and seconds later being told it will
make it to the hurricane sandy victims. the people have a big heart but they do not thing after the fact whether it could be a good idea to help those folks affected on the ground rather than the huge bureaucracies that presumably will help them on the ground. there is something wrong with the process that reduces the amount of money you get to a fraction of what was handed out. >>guest: it is essentially the money is laundered through the washington bureaucracy. we have seen this years...
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Dec 7, 2012
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economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were so discouraged in november they simply stopped looking for work and left the labor force, which is why the unemployment rate dipped to 7.7%. >> raising taxes on small businesses is not going to help our economy and it's not going to help those seeking work. i came out the day after the election to put revenues on the table. take a step toward the president to try to resolve this. when he is going to take a step toward us? >> analysts say anxiety over the higher taxes from fiscal crisis is a reason that consumer confidence plunged in december. thompson reuters dropped to 74.5 in the consumer sentiment, lowest level since august. vice president countered that business leaders are telling him the economy will take off if there is a fiscal cliff deal. >> they have over $1 trillion out there to invest. if they think that the economy is going to move. >> he suggested some wiggle ro
economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were so discouraged in november they simply stopped looking for work and left the labor force, which is why the unemployment rate dipped to 7.7%. >> raising taxes on small businesses is not going to help our economy and it's not going to help those seeking work. i came out the day...
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Dec 5, 2012
12/12
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obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has very unique housing requirements and also higher costs. hud has committed to in the president says they will coordinate with your efforts. >> mr. chairman, the housing program were actually looking at three pretty substantial areas. the first was the temporary sheltering and that is where maybe the home was destroyed but they couldn't get back in. they had power outages or other damages. we would provide in cooperation state request on a car share basis short-term, namely hotels, motels measured in weeks and we are extending as the states requested. the traditi
obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has...
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Dec 2, 2012
12/12
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this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb let me use her office. >> i even cleaned it up for you. >> thank you, deb. see you soon. always a pleasure. hi, everyone. we are going to get you up to speed on the day's headlines here on cnn. fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red
this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb...
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Dec 6, 2012
12/12
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early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage t
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an...
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Dec 4, 2012
12/12
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over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a deal? >> i'm concerned about it. the good news is everybody sees this as an opportunity to really show american global leadership. the rest of the world is all messed up on this. we can show them how to get it done. they've also all agreed on the three buckets, that being revenues, entitlements, and spending reductions. the bad news is they haven't agreed on how much into each bucket. and i don't think they're trying to create a win/win for each other. most good negotiations, you try to help the other person come out with a win. i don't see that here. >> you h
over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a...
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Dec 6, 2012
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if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay attention i guess. do you hold your breath when you are reading an e-mail. it is e-mail apnea. study shows 80 percent of folks have it. when you hold your breath it jacks up your heart rate and live pours glucose into the bloodstream. it ballotses oxygen. don't hold your breath when you read e-mail. >> maybe we get stressed out when you wake up. >> twitter and facebook you have to go through those, too. >> fox business network. 10 after the hour. still to come the aclu coming after a judge for sentencing a teen to ten years of church. the teen doesn't have a problem with it so
if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay...
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Dec 7, 2012
12/12
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no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and there is no effect which brings us to the numbers which you could believe on face value as much as you can. they'll revise this again. they only come forward with 60% to 70% of the sample. unemployment rate falling 7.7% because largely a drop in the labor force. average hourly earnings up 0.2%. despite positive headlines, xwoeld man sax says we interpret this report as one only slightly better than expected overall given downward revisions and weaker labor force and it does not change our assessment of the underlying strength of the labor market. priva
no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and...
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Dec 8, 2012
12/12
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help is on the way for hurricane sandy victims in washington. getting that money approved will not be easy. >>let white house sent letters to john boehner and harry reid requesting 60.4 billion saying after hurricane sandy they're funds necessary to finance. and there is impants . in dc money is quiet . speaker boehner said we have the request and we will view it they need to make sure they don't spend too much money they don't should saying it is our responsible to make sure they are giting the most . that i can sure they are times and targeted. governors of new york and jers. asked for it 79.billion and this is well short of governors and senators are thankful for the money and senators say it is it a tough fight in the congress given the fiscal cliff . members are not friendly to disaster relief. but the care has given a good head start. president obama signed an executive ordering the tax force . it will be shared by the secretary of housing and urban. >> and tough words from mike huckabee. when it comes to the bible. american is ignorant. >
help is on the way for hurricane sandy victims in washington. getting that money approved will not be easy. >>let white house sent letters to john boehner and harry reid requesting 60.4 billion saying after hurricane sandy they're funds necessary to finance. and there is impants . in dc money is quiet . speaker boehner said we have the request and we will view it they need to make sure they don't spend too much money they don't should saying it is our responsible to make sure they are...
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Dec 10, 2012
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also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time y
also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd...
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Dec 3, 2012
12/12
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sandy stimulated sales of new cars last month. see which automaker drove away with bigger gains, ford or gm. >> then pain at the pump. our next guest is warning a new ethanol fuel blend that not only costs more but adds to the cost of food could damage your car and void your warranty. really? you're going to want to hear this coming up. >>> and banks be aware. a third of americans would rather get a mortgage from walmart than a bank, even though walmart doesn't offer them, at least not yet. we'll hear from somebody saying offering home loans would be a boone for walmart stocks. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer look... ...at the best schools in the world... ...you see they all have something very i
sandy stimulated sales of new cars last month. see which automaker drove away with bigger gains, ford or gm. >> then pain at the pump. our next guest is warning a new ethanol fuel blend that not only costs more but adds to the cost of food could damage your car and void your warranty. really? you're going to want to hear this coming up. >>> and banks be aware. a third of americans would rather get a mortgage from walmart than a bank, even though walmart doesn't offer them, at...
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Dec 7, 2012
12/12
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>> i think that the economy dodged a bullet with hurricane sandy in a way we really weren't expecting. we were really expecting to see that hit much harder because it hit the week that they were taking the survey. the real concern with the economy now that you're hearing fl folks like mark zandy is that it's not consumers that are not spending, it's employers who are spending. business investment has been down year over year in the last two quarters as people do not, you know, invest in equipment or buy software because they have no idea what's happening to their tax rates in january. that's where people get nervous about what's going on. >> the uncertainty? >> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemp
>> i think that the economy dodged a bullet with hurricane sandy in a way we really weren't expecting. we were really expecting to see that hit much harder because it hit the week that they were taking the survey. the real concern with the economy now that you're hearing fl folks like mark zandy is that it's not consumers that are not spending, it's employers who are spending. business investment has been down year over year in the last two quarters as people do not, you know, invest in...
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Dec 8, 2012
12/12
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but he is at 69%, which is down from 77% right after hurricane sandy. he is riding high, governor dean. does this -- does this hurt him in the long run, do you think? >> i think not taking the exchanges probably doesn't hurt that much because people don't really fully understand the exchanges yet, and because the federal exchange will probably move the cause of the single payer further down the line. but i think not taking the medicaid money will be an enormous mistake. i have not heard him say that, and i don't think he will say that. i think he is much too pragmatic for that. >> we talk about chris christie being a sort of standard bearer for bipartisanship largely because of the photo ops around hurricane sandy. but when you look at his political record, he has not been particularly supportive of unions, and hazy been very much criticized by the left for shutting down infrastructure spending. >> i think, you know, he is basically positioning himself for reelection. he has done that pretty well. but let's not forget that george h.w. bush had popularit
but he is at 69%, which is down from 77% right after hurricane sandy. he is riding high, governor dean. does this -- does this hurt him in the long run, do you think? >> i think not taking the exchanges probably doesn't hurt that much because people don't really fully understand the exchanges yet, and because the federal exchange will probably move the cause of the single payer further down the line. but i think not taking the medicaid money will be an enormous mistake. i have not heard...
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Dec 10, 2012
12/12
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. >> maybe the people affected by hurricane sandy with fema trailers sitting idle in pennsylvania and a staten island resident has had it what did you make of this? >> well, thanks for having me. i feel it sun fair. i have family that i can stay with. family has denied me rental assistance or temporary living. i assume that is because they left 3 1/2 hours away from us after bringing them from texas and wasting our time and money and their efforts. it is completely unfair and ten days before christmas you want to take away what you have given them temporarily. they should health the people start receiving checks from their insurance companies and maybe some progress in the house before they give them the boot. if you didn't have family, chris, would you have been able to benefit with the temporary housing or hotels that others have taken advantage of? without have been able to qualify? >> in the beginning we assumed we would stay with our families and we applied for rental assistance and they did not give us any help, my wife me, my young babies at the time. >> we hearing and we could
. >> maybe the people affected by hurricane sandy with fema trailers sitting idle in pennsylvania and a staten island resident has had it what did you make of this? >> well, thanks for having me. i feel it sun fair. i have family that i can stay with. family has denied me rental assistance or temporary living. i assume that is because they left 3 1/2 hours away from us after bringing them from texas and wasting our time and money and their efforts. it is completely unfair and ten...
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. >> coming up, fema gives the cold shoulder to people in crisfield still suffering after hurricane sandy. that story as eyewitness news continues. >> sharon gibala here with wjz traffic control. if you're about to head out now is the time we usually start seeing delays on the road. right now over the tim. >> in for marty bass in the first warning weather center. the cold temperatures are settling in. your complete first warning weather forecast coming up. >> holiday movies are poping up all over tv. actor an dri mccarthy tells us about his. stay tuned the . >>> it is 6:30. it's a much colder morning than it's been any morning this week. that's live look at the southwest corner of the city. sharon will take care of the other roads and it's tim williams in for bernadette woods who is in for marty bass who is over at first warning weather. >> that gets us there. sure does. today our temperatures are on the cold side. we're looking at 28 degrees starting off. 24 now in oakland 29 elkin, 3 1 on the shore. our forecast high today in the mid 40s which is right on target for our normal high for
. >> coming up, fema gives the cold shoulder to people in crisfield still suffering after hurricane sandy. that story as eyewitness news continues. >> sharon gibala here with wjz traffic control. if you're about to head out now is the time we usually start seeing delays on the road. right now over the tim. >> in for marty bass in the first warning weather center. the cold temperatures are settling in. your complete first warning weather forecast coming up. >> holiday...
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Dec 6, 2012
12/12
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i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserve
i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style....
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Dec 7, 2012
12/12
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despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm in the face of sandy and fiscal cliff concerns, so that's good news. >> surprising exactly no one, the white house and republicans had different spin on the numbers. >> if congress does address the problems that it needs to address, concerning the fiscal cliff, if we have reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class we're going to see progress in this economy. >> the risk the president wants us to take increasing tax rates will hit many small businesses
despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm...
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now for our "making a difference" report, it is another night of struggle for all of the hurricane sandy victims, all over this part of the country. folks are still looking for homes and apartments to live in until they're back on their feet. they're getting help every day, including fresh arrivals who know what suffering is like because they have been there themselves like because they have been tonight's stephanie gosk has more on first responders in new orleans, making a difference up north. >> reporter: starting the day after a hurricane is a physical and emotional job. firefighters from new orleans who lived through hurricane katrina six years ago remember it well. >> i know what the people up here are going through, they're like how am i going to get this? >> reporter: they also remembered that the new york fire department was on the door steps helping just days after the levees broke. this captain's house flooded up to the roof. >> that was the biggest thing. >> reporter: now the firefighters from new orleans want to repay the favor. >> any country, any state. it is a connection b
now for our "making a difference" report, it is another night of struggle for all of the hurricane sandy victims, all over this part of the country. folks are still looking for homes and apartments to live in until they're back on their feet. they're getting help every day, including fresh arrivals who know what suffering is like because they have been there themselves like because they have been tonight's stephanie gosk has more on first responders in new orleans, making a difference...
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Dec 4, 2012
12/12
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mississippi, the same answer and new jersey you have to think a little bit of the sandy effect. now as you can see showing those percentages here, big jumps. alaska was the biggest jump of all places and thousand this is where i want to bring in david wasserman of the cook political report. this is my favorite thing here, david. take us through what is unique about mitt romney and paul ryan that no other losing presidential ticket pulled off. >> chuck, this may be the only ticket in history both candidates have not only lost their home states but their home counties and home towns. chuck, that's remarkable. >> massachusetts, wisconsin, middlesex county, belmont, massachusetts. i guess that's what you end up having with two blue state guys running on the republican ticket. some conservatives say it doesn't matter if you get blue state guys. doesn't seem to pull off swing voters. we move on to a couple of other things here and this is something you have started doing. trying to break up the cultural differences between the two parties. counties where there are cracker barrel and w
mississippi, the same answer and new jersey you have to think a little bit of the sandy effect. now as you can see showing those percentages here, big jumps. alaska was the biggest jump of all places and thousand this is where i want to bring in david wasserman of the cook political report. this is my favorite thing here, david. take us through what is unique about mitt romney and paul ryan that no other losing presidential ticket pulled off. >> chuck, this may be the only ticket in...
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sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but because the way the labor department counts full-time workers part time workers and whether people work at all, and when they work, it didn't show up in the headline numbers . one thing that did, 350,000 people left the workforce in november. that was one reason again why the unemployment rate dropped to 7.7%. ashley and tracy. ashley: sounded good to begin with then you take in those factors as peter outlined, maybe not so good. peter, thank you so much. tracy: there is lot more ugly in the report and we'll talk about it now actually bec
sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but...
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Dec 9, 2012
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says it will suffer a $1.3 billion loss in the wake of super storm sandy. president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out of work since march she got thatjob because of a government grant that only hires those who ire unemployed. d i never would imagine it riuld take a hurricane to bring me to a county position. it was like a blessing, actually. >> reporter: with tons of debris still left to clean up from hurricane sandy, the state themployment arrest almost 9%, this program hopes to solve two problems at once-- getting all of this cleaned up, getting people back to work. the super storm leveled businesses across new york. this program is aimed at the 50,000 new yorkers who lost heir jobs, according
says it will suffer a $1.3 billion loss in the wake of super storm sandy. president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out...
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Dec 7, 2012
12/12
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talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the superstorm sandy. in addition, i think -- and where i would differ from jared just a little bit and we rarely do -- the underlying economy is consideri considerably stronger. if you take into account the number of baby boomers that are retiring, that has not been talked about and does effect the labor force participation rate. the broadest measure of unemployment, the unemployed and those who left the workforce fell to 14.7%. so i think things are getting better. what i'm most afraid of is the type of talk we heard from speaker boehner and maxine waters. they are taking us to the cliff on both side
talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the...
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Dec 4, 2012
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. >> we have chris christie here today testifying in congress about aid for victims of superstorm sandy. clearly, he's got an interest in 2016, and then there's jeb bush. aa number of the people you just mentioned have very interesting ideas about immigration and about expanding the universe of the party. not all of them but certainly bobby jindal and jeb bush and marco rubio. >> immigration and education are the two places you'll see these wan-to-be future leaders break from it. >> that does it for us for this edition of "andrea mitchell reports." tomorrow on the show maria cantwell and roger altman joining us. follow us online and on twitter @mitchellreports. hi, tamron. >> grae to see you. in the next hour we follow developing news. president obama has new words of speaker boehner and the republicans in his first tv interview since the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congr
. >> we have chris christie here today testifying in congress about aid for victims of superstorm sandy. clearly, he's got an interest in 2016, and then there's jeb bush. aa number of the people you just mentioned have very interesting ideas about immigration and about expanding the universe of the party. not all of them but certainly bobby jindal and jeb bush and marco rubio. >> immigration and education are the two places you'll see these wan-to-be future leaders break from it....
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while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's preparability saying the sea level rise will progress regardless of new york's response. officials dealt with problems like housing, gas shortages and firings as they arose. congress even approved an army corps of engineers hurricane protection study nearly two decades ago, focusing on hard hit staten island. >> maybe some of these houses would have been saved. >> that report remains unfin nucleared. >> we have wased tax dollars and the city, sta the. >> reporter: changes that strengthen existing emergency response plans, leaders say that ultimately saved lives, but with no, now asking
while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's...
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Dec 7, 2012
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sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reass
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are...
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Dec 2, 2012
12/12
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and part of that is due to sandy. there were $18 billion in lost wages and salaries from sandy. it really hit, although it didn't hit the nation, it will have an impact on g.d.p. and on unemployment. in october, we also saw that there was a decrease in purchases, adjusted for inflation, the biggest in three months. so, there was a definite stoppage, this was a populated area with an impact. >> when do we expect the numbers will come back? >>guest: there is one positive impact in terms of the economy. you have workers, construction workers coming from all over the country who have been unemployed to help rebuild and we are expecting there could be a half percentage point increase in economic growth next year because of this rebuilding effort. >>heather: is that construction jobs or over all? >>guest: in the reconstruction, rebuilding and infrastructure. this is not the way that we want economic growth but there is one side where people are getting jobs who did not have them before. >>heather: and another increase in auto sales? >>guest: so many of the cars were flooded out and th
and part of that is due to sandy. there were $18 billion in lost wages and salaries from sandy. it really hit, although it didn't hit the nation, it will have an impact on g.d.p. and on unemployment. in october, we also saw that there was a decrease in purchases, adjusted for inflation, the biggest in three months. so, there was a definite stoppage, this was a populated area with an impact. >> when do we expect the numbers will come back? >>guest: there is one positive impact in...
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Dec 3, 2012
12/12
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impact of super storm sandy and worry over possible tax increases are blamed. stocks were down today. the dow lost 60. s&p 500 dropped 7. nasdaq was off eight. halftime comment that had critics putting in full-time online and on twitter. that is later in the grapevine. up next, could new epa regulations topple one of the country's big industrys? [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavorboost.com. >> bret: the director of national intelligence will breach house members. clap her be joined by other top officials and expected the bipartisan classified briefing may be followed by a similar session for senators. the supreme court is attempting to sift through the legal muddy waters about storm water runoff and pollution. it involves the environmental lobby versus the timber industry. correspondent shannon bream has the story from the high court. >> in the last 90 days,
impact of super storm sandy and worry over possible tax increases are blamed. stocks were down today. the dow lost 60. s&p 500 dropped 7. nasdaq was off eight. halftime comment that had critics putting in full-time online and on twitter. that is later in the grapevine. up next, could new epa regulations topple one of the country's big industrys? [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it...
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Dec 6, 2012
12/12
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CNBC
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estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in yen terms over the course of the last two months you are profitable. somebody owns gold in dollar terms is down several points. gold is nothing more than another currency, crossed against other currencies and there's nothing spectacular about gold, it's just a currency. >> call it a slick slide for oil, crude falling 2% nearing its lowest level in three weeks. for more let's go to jackie deangelis, the host of "futures now." >> crude having a tough day, the question is why. look at this chart dollar strength is causing major pain for oil, our question today is there more to selling than just the dollar rally? let's
estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in...
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Dec 6, 2012
12/12
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just in final for hurricane sandy it weathered well. >> we are hoping to spend christmas with this tree for many years to come. >> thank you for coming out this morning. really appreciate it. you saw some pictures of the tree being lit. that was last year. this one hasn't been turned on just yet. but coming up in the next hour, we'll talk more about the history of this event and also about the light theme to this year and the lights on the tree. that is all coming up in our 7:00 hour. back to you. >> it is always very pretty. thank you very much, holly. >> be a part of the fox 5 holiday tradition. you can accepted us your ornaments for the fox achristmas tree. we'll decorate a tree with your festive donation and give it to a local charity to brighten up their day. send your ornament to 5151 wisconsin avenue northwest, washington, d.c. 20016 and be sure to put it to the attention of the fox 5 christmas tree. as >>> tucker barnes is off for a acouple of days of rest and relaxation. gwen tolbart is here to tell us what we can expect today. >> cool, cool, chilly, dress warm if you are headi
just in final for hurricane sandy it weathered well. >> we are hoping to spend christmas with this tree for many years to come. >> thank you for coming out this morning. really appreciate it. you saw some pictures of the tree being lit. that was last year. this one hasn't been turned on just yet. but coming up in the next hour, we'll talk more about the history of this event and also about the light theme to this year and the lights on the tree. that is all coming up in our 7:00...
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Dec 8, 2012
12/12
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president o blamea-- obama will ask congress for $50 billion for hurricane sandy. they announced it today in a statement the money is to help rebuild road, tunnels and assist thousands of people forced from their homes. those are those are some of the day's major stories. now, back to judy. >> woodruff: the u.s. supreme court announced today that for the first time in its history it would review the contentious issue of same-sex marriage. for more on the story we turn to margaret warner. >> warner: the justices agreed to hear arguments in two cases: one is california's constitutional ban on same-sex marriage, adopted by voters as referendum proposition 8. it was challenged on grounds that gay citizens have the same constitutional right to marry as heterosexuals. the justices will also review a provision of the federal "defense of marriage act" or doma that deprives legally married gay couples of federal benefits that are available to heterosexual couples. same-sex marriage is legal or will be soon in nine states and the district of columbia. but 31 states have amen
president o blamea-- obama will ask congress for $50 billion for hurricane sandy. they announced it today in a statement the money is to help rebuild road, tunnels and assist thousands of people forced from their homes. those are those are some of the day's major stories. now, back to judy. >> woodruff: the u.s. supreme court announced today that for the first time in its history it would review the contentious issue of same-sex marriage. for more on the story we turn to margaret warner....
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Dec 10, 2012
12/12
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and you think okay, chris perry sandy -- kris perry sandy steir are human beings and we should be treated equally under the law because we're human beings. it is not a radical idea if you think of it as something as simple as that. then it doesn't make as much of a difference -- it shouldn't make as much of a difference to folks who say they know better. who should be married and who shouldn't. really, you should be thinking is it fair to say to a group of people you don't get to have something everybody else has because of one trait that you have. it is -- it's really something that -- isn't -- no longer acceptable to be sort of openly discriminatory or hateful toward a group of people. i'm happy about where this is headed. i feel like we're going to put this to rest. >> stephanie: you said in terms of the tea leaves, you said you can't imagine they took this to move us backward. >> no. that's what sandy and i were talking about. to reverse two lower court rulings from the same court system that the supreme court supports would be saying not only to the people of california but to those
and you think okay, chris perry sandy -- kris perry sandy steir are human beings and we should be treated equally under the law because we're human beings. it is not a radical idea if you think of it as something as simple as that. then it doesn't make as much of a difference -- it shouldn't make as much of a difference to folks who say they know better. who should be married and who shouldn't. really, you should be thinking is it fair to say to a group of people you don't get to have something...
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Dec 8, 2012
12/12
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president obama asked congress for $60 billion for states affected by superstorm sandy. the request comes at a time when lawmakers are arguing how every dollar is spent. >>> our fourth story "outfront," an historic announcement. the supreme court decided today it will hear two constitutional challenges to same-sex marriage laws. if the court were to follow public opinion, the decision could come down in favor of gay and lesbian couples. recent polling shows 53% of americans think same-sex marriage should be legal. 46% say illegal. and on election day, voters in three states approved same-sex marriage. "outfront," mckay coppins, tim carney and maria cardona, cnn contributor and democratic strategist. this is kind of big news in all of this. tim, you saw the polls. now the supreme court will get involved in this. should this signal something to the republican party? should they say it's reached this level? >> polls are one thing. there's also the fact most states don't have gay marriage yet and most of those that do, it was not put in by the will of the people. i'm a maryl
president obama asked congress for $60 billion for states affected by superstorm sandy. the request comes at a time when lawmakers are arguing how every dollar is spent. >>> our fourth story "outfront," an historic announcement. the supreme court decided today it will hear two constitutional challenges to same-sex marriage laws. if the court were to follow public opinion, the decision could come down in favor of gay and lesbian couples. recent polling shows 53% of americans...
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Dec 6, 2012
12/12
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we've all seen those horrifying images from the devastation of hurricane sandy. it's not unreasonable the governor of the state of new jersey would come and say i need help. americans are going to see that. they see the republicans becoming increasingly sort of isolated and, again, it becomes this question of why are you holding the rest of us hostage for the top 2%? so the problem for the republicans is they don't have a lot of good options at this point to get themselves out of this corner. >> our power panel, my thanks to all three of you. i really appreciate your time. >> the fiscal cliff concession. are republicans getting redity wave the white flag of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lo
we've all seen those horrifying images from the devastation of hurricane sandy. it's not unreasonable the governor of the state of new jersey would come and say i need help. americans are going to see that. they see the republicans becoming increasingly sort of isolated and, again, it becomes this question of why are you holding the rest of us hostage for the top 2%? so the problem for the republicans is they don't have a lot of good options at this point to get themselves out of this corner....
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Dec 4, 2012
12/12
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in this case, here, a lot of the folks are struggle after super storm sandy. we met one family from another nearby community along the coast, toms river new jersey, and he is a volunteer firefighter out performing rescues during the storm although his own home at the time was taking on water. now, his kids are getting a little help from the blue angels and toys for tots. >> very humbling to be on the other end of this. i would rather be doing the giving and helping than receiving. but it is nice to know there is appreciation from everyone. >>reporter: united way says so many local charities when the storm came through were focused on getting life saving supplies to the folks that toys took a back seat so they appreciate this outside help coming in so in will, indeed, be toys under the christmas trees of the families. >>shepard: you think of the blue angels of being dare devil pilots. >>reporter: their mission is to showcase the capabilities of the marines and the navy. because the marines and navy are constantly doing humanitarian missions around the world, th
in this case, here, a lot of the folks are struggle after super storm sandy. we met one family from another nearby community along the coast, toms river new jersey, and he is a volunteer firefighter out performing rescues during the storm although his own home at the time was taking on water. now, his kids are getting a little help from the blue angels and toys for tots. >> very humbling to be on the other end of this. i would rather be doing the giving and helping than receiving. but it...
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Dec 8, 2012
12/12
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chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling reason against giving the rights to people, the right to marriage. >> that's exactly right, chris. it's important to note in both of these cases, the united states government has refused to defend doma, the federal law that's now before this court, and when we filed the case right here in california, as one has to do, we sued the governor at the time, which was arnold schwarzenegger and our attorney general at the time, which was jerry brown, the current governor. both responded by refusing to defend the case and ultimately joined our side in the case and said it
chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling...
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Dec 7, 2012
12/12
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 7, 2012
12/12
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the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had the chance to reclaim anything. >> this is what you came home to two weeks after the storm. >> nick expected devastation, but not this. a seatcushion is all that's left of his family's summer home. two weeks after sandy, maria and his neighbors were finally allowed back into the area. but his house had been bulldozed. >> everyone else was here that week, that day, and i felt like a lost soul. everybody is taking clothing out, bringing their luggage, taking pictures out, whatever they could stuff in, and i had nothing to take. that was a shock. >> a long with shock came frustration over
the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had...
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Dec 4, 2012
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fema's chief is appearing before a house panel on sandy. >>> providing counseling for that couple, jovanbelcher and as they mourn for their loved ones. >> as a family, no words can express the sorrow that we feel for can kasandra and jovan. we are overwhelmed with both sadness and contusion. >>> the flu season is off to an early start. the strain this year can make people sicker than other types and are your honoring the urging the public to get flu shots. >>> record high temps were broken from the great lakes to texas yesterday. temperatures in chicago even reached 70 degrees. >>> and the barefoot man who received new boots from a new york city cop is not actually homeless. police say that the 54-year-old man has an apartment paid through disability and veterans benefits. >>> we are following this developing news coming to us from iran. officials claiming that the iranian navy forces shot down a u.s. drone over the persian gulf earlier this morning. a spokesman for the u.s. says there are no missing drones. what are you hearing about how all this all happened and the public declaration that th
fema's chief is appearing before a house panel on sandy. >>> providing counseling for that couple, jovanbelcher and as they mourn for their loved ones. >> as a family, no words can express the sorrow that we feel for can kasandra and jovan. we are overwhelmed with both sadness and contusion. >>> the flu season is off to an early start. the strain this year can make people sicker than other types and are your honoring the urging the public to get flu shots. >>>...
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Dec 4, 2012
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....